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tv   After the Bell  FOX Business  February 12, 2014 4:00pm-5:01pm EST

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>> they're adding 2500 workers to fulfillment center. [closing bell ringing] it is continuing to grow. liz: absolutely. david: home construction was up. owens corning was doing well. there are some winners today. liz: bells ring on wall street. you can call the s&p 500 flat. no real direction after such an amazing rally after day yesterday. dow jones industrialization off the low. had been lower by 31 points today at the end of the session. nasdaq up 10 points. this of course, a lot of big names. hewlett-packard, texas instruuents, intels. even ibm looking good. doesn't look -- "after the bell" starts right now. david: again, cisco, whole foods about to announce any minute now. we'll bring it to you as soon as it happens.
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let's break down today's biggest market action. we'll see what is happening in the future with our soothsayers. lance roberts, sda wealth management ceo. he thinks stocks are overvalued by the way. pat dorsey, where have you been, pat dorsey? san bell captiva investment advisors president. he will tell us where he thinks he sees biggest international opportunities. todd horowitz from the cme. he still thinks this market is overdone. how soon, do you think janet yellen's mystique, her magic has worn off or is this a temporary slowdown in the market? >> hi david, hi liz. i think it has not warn off. i think we still have the information she has got. she will testify again tomorrow. what is the important thing, transparency is out there and now we go back to real trading. real trading will continue correction we started before they anticipated the move she was going to make. everybody kind of figured what
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she was going to say yesterday and priced it into the markets on thursday, friday and yesterday. today think we're taking rest. probably go a little bit higher. i would look for a spot to start selling this market now. liz: 31%, pat that is what the nasdaq has done over the past year. it's been a great run. what do you think stocks do in the next couple months knowing we very may well have a budge is jet deal? janet yellen will continue ben bernanke's plans and data is not totally worrisome at this point? >> well, liz, as you know i have no idea what the market will do over two months and i don't think anybody else does either. big picture, the market is about fairly valued. we're sitting postwar average at 16 times earnings. it is kind of a ehh market. twitter and tesla in complete froth zones and other stuff is pretty average value. david: pat, i have to put you on hold one second, pat. we'll get back to you. we have earnings from cvs.
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adam shapiro has those numbers. quickly, adam. >> the eyes will not blink on this one. 78 cents per share david. they were expecting 76 cents. revenue 3.91 billion. street weighs expecting. 3.82 b they announced a acceleration 5 billion-dollar share repurchase in the first quarter. so cvs is giving a lot a lot of people to think about and not blinking -- cbs. david: pat, i cut you off in mid-sentence, please continue. >> that's all right. the valuation tailwind we've had over the past five years as multiples expanded from 11 to 16, that's probably gone. it will be earnings growth that powers market. in 3% economy that is little bit hard to come by. on the back of cbs's buyback announcement, strange we are seeing more buyback announcements now than the market half its current level. david: that is very interesting point. lance, the key really here, i think at this point, particularly for retailers
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obviously but for everybody is the consumer. the question of whether a consumer is back. headwinds against the consumer that are not necessarily against other parts of this economy. what do you think about the consumer is he buying or holding night over the next year? >> if you look at the recent annual trends in personal consumption expenditures, more importantly look at year-over-year trend in imports, those are declining. they're on pretty aggressive downward trend at this point which really shows a lot about the weakness of the consumer overall. wages have remained stagnant. hours worked remained fairly stagnant. the average consumer really struggling to pat's point he is right about stock buybacks the reason you see them now, manufacturing earnings to beat estimates, buy back shares and raise eps. we're not seeing strong revenue growth driven by consumer to make earnings work. liz: hold on a second. we have whole foods coming up. let's hear how adam says they did. >> miss on earnings per share as well as on revenue.
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earnings per share, 42 cents. the street expecting 44 cents. on the revenue picture, 4.42 billion. the street was expecting 4.92 billion. to give you a little insight into this, total sales they said increased in the quarter up 10% to a record 4.2 billion. same-store sales increased 5.4%. we'll keep reading to see if there is anything to break in for you. back to you. david: we see the shares dropping after-hours right now. they ended at 55.4, liz. they're 53.90. liz: part of that, david they're lowering top end of sales growth range due to year-end trends. did adam say that? i'm focusing on headlines. missing top and bottom is never good for a company. the stock is getting hit but not dramatic. about 2.9%. this could moderate of course for whole foods. let me go back to lance. you were in the middle after sentence. i guess the question question becomes where is the best place for people to invest?
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pat has different perspective. we'll get to him on overseas names. you tell me where you think is the best for the moment. >> we've got trouble in the emerging market economies. the actual economic data and kind of industrialized europe area is not great. i'm really worried about what is happening in japan. behind it. yellen is still very accommodative. same to be most safest place. liz: you will kill me, lance, hold on. hold on. you will kill me. now we have cisco. thank goodness i wasn't one starting. adam, cisco. >> this is beat shareholders may like. 47 cents per share. street was expecting 46 cents. and they're talking about, crowing about all of this of course. you will have john chambers on tomorrow but they're going to discuss all of this during their conference call coming up at 1:30 california time. you will have them again tomorrow. he said, liz, we delivered the results we expected this
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quarter. i'm pleased with the progress we made managing through the technology transitions of cloud, mobile security and video. back to you. liz: they also have a dividend hike from 17 cents to 19 cents. adding two pennies there. that is certainly exciting for the company. closing value at 22.85, you're seeing a strad dill between the bid and the ask at the moment. as we look at this, cisco really struggled in the third quarter when coming to things like emerging markets which had palpable slowdown. john chambers told us in davos, david, he believes in his security business. they have become number one in a lot of areas. david: 20% of cisco's earnings come from emerging markets. there was an 18% drop in revenues in the last quarter in china alone. so we're going to be focusing a lot what happens in china and the emerging markets in general but again right now after hours the stock is basically flat, basicallyally trading now after-hours at what it ended the day at. pat, i i want to you about a
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company that relates to cisco which is apple of course. a lot of people have apple stock and one thing that apple has that you say is extremely important is pricing power. apple can put a price on a product that other companies don't have luxury to do and people buy the product. granted iphone sales are down from expectations. pricing power is so important. and when you find a company that has it you say you should look seriously about buying it, right? >> certainly pricing power allows companies to offset inflationary increases. prices have been coming down for apple. apple's main advantage is lock in half of their consumer base. their market share losses come from new smart phone users choosing to buy an android, not from current ios users moving over to android. you have a annuity base that is very valuable. why the growth will mainly come outside of the u.s. so the next
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quarter is critical seeing what the up take is like with the china mobile deal. liz: going from micro to that picture of apple, let's talk to todd about the macro picture. earnings that have come insofar, 47% have beaten estimates and that is encouraging is it not, since we had dire predictions last quarter about this quarter? >> i think it is encouraging but i also we watch this top and bottom line and we're still having a real problem with the overall growth. lance said it, where is the growth going to come from? where will the consumer come in here? i don't see the consumer having wherewithal to supporting market and supporting growth and we're not seeing it. we have too many problems. we talk about lack of inflation. really goods that the average person buys are inflating. gas, grocery, those are many about more expensive. it is hard for the average consumer to get involved and do extra spending that we really need in this economy to help boost it. without jobs and low participation and low earnings
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it is hard for us to grow this country that way. it is still more of an artificial growth is what we're seeing. david: guys, we have to leave it at that. todd horowitz, good to see you. lance roberts, good to see you. pat dorsey please come back and see us soon. don't be a stranger. thank you. liz: fed chair janet yellen sitting through six hours of questioning yesterday and the markets seemed to really love every word. can she continue to stay in wall street's good graces in we should mention tomorrow's testimony has been, what do you call it, canceled. david: postponed. postponed because of the weather. they freak out if they have half an inch. liz: just a prospect of it, right? one of the most respected and most accurate economists on the street not freaking out. diane swonk of mesirow financial will give us her take how yellen will perform in the future. david: love diane. looks like paula dean is ready to come back, y'all. the fallen celebrity chef
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landing private equity investment. get this. an investor put up $100 million that paula dean will come back. is making the right bet here? we're talking to a man who talkeddto paula dean recently, through email exchanges. has all kinds of information she has planned. >> tell us what you think. is betting on paula dean a good investment? can she come back? at fbnatb. your answers later this hour. ♪ ♪ [ bell ringing, applause ] five tech stocks with more than a 10%... change in after-market trading. ♪ all the tech stocks with a market cap...
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liz: whole foods falling after-hours, following its earnings release. david: let's go back to nicole petallides on floor of new york stock exchange. down about 5%, right? >> it is under pressuring sure for whole foods market. talk about what we're seeing. 412 cents, missed analyst estimates of 44 cents. revenue first quarter, 4.2 billion. little shy of the 4.billion to nine billion estimated by analyst. they also said, one of the reasons to the downside, watching top end of retail forecast based on what they're seeing so far year-to-date. other things that we're noting, good news, same-store sales were up 5.4%. we also saw the earnings on the rise, up 8 . 2%. they continue to grow -- 8.2%.
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restructuring trying to shed reputation they have as an overpriced grocer. they face increase the competition. there is fairway market. there is growinger. there are other names in this arena. growinger down 6.5%. the group overall continues to struggle and battle it out for customers. this is the update that we've gotten so far. same-store sales up 5.4% in the late he have quarter. cut of full year numbers why you're seeing it to the downside. david: kudos to charlie brady. he said this would happen to the stock after-hours. thanks very much, nicole. liz? liz: everybody is talking about what fed chair janet yellen testimony did of course yesterday to the markets. we should mention the testimony she was supposed to give before the senate originally set for tomorrow has been postponed because of wintery weather in the east. she made the capital debut in the house. investors loved what she had to
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say. jeremy siegel and wharton professor and stock market guru said yesterday's rally was a big bet on janet yellen. >> the market likes continuity. of got to know what ben bernanke is thinking. they look at yellen. that is continuity from that. no surprises. resolution of uncertainty is so important. you had basic move toward rick risk-on market. liz: why do we have a reaction totally, meh? is this reflection after short-term shift or has janet yellen broke new ground on capitol hill? we'll see. joining us diane swonk, mesirow. markets puffed up like a blowfish. today some of the air came out but does her punch still have power behind isn't. >> what you saw yesterday, not only continuity, but janet was in the trenches. in the fed before ben bernanke was at fed. she worked in the fed in 1970s.
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the on the board in the 1990s. fed the president in the height of the trenches during the crisis. she is crafting a message along with ben bernanke. that is part of the reason you saw continuity as well. it is not just handing out the baton but someone who was all part of the same time team. liz: all part of the same team but don't you think she showed a tiny sign here and there she would be willing to shift if necessary? >> absolutely. that is what she has to do. i think continuity, i think the continuity almost went too far. i do think, it is interesting, bullard made comments about, you know, he thinks unemployment rate will 6%, and we're more normal economic environment by end of the year. very interesting from another federal reserve president. they're putting a spin on very rosy until they change the forecast. well they could change the forecast. i was supposed to be in washington right now. my trip got canceled to washington for the same reasons that janet yellen's testimony
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got postponed. it is interesting to me there was, almost for me too much continuity but just right for financial markets. yellen needed to show them. she is part of the team. she has been crafting message for years to come. liz: giving our viewers, what is on horizon, what would flex muscle in different way than ben bernanke? >> communication will be key here. real challenge is what if we get 6.5% on the unemployment which is entirely possible. this is threshold and talking about it qualitatively. what they like is not nuances. as she moves away from targets, as she appears to be doing. not really numbers matter what conditions are. markets don't like nuances. that will be the challenge.
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can she pull off nuances without lowering unemployment figures that they will not pull the punch bowl anytime soon. reinflate the economy from the low inflation point if it means for jobs. i think that is really important. >> i need to let your viewers know something important about you, you advise federal reserve and regional fed banks. what are you advising right now. >> my peer fear is they have been wrong about the forecast and overly optimistic. i think we get 3% economy. any misstep and the fed flirting with low inflation, that really worries me. i'm worried what kind of tools that the fed has left in the tool box with the forward guidance, telling the world what they think is going to happen. i think that will be the biggest challenge, how do they communicate? i think their push to go towards nuances rather than numbers may backfire on them. liz: should be much clearer than
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alan greenspan used to be. that's for sure. >> that is not hard, alan, i can call him alan but he was mr. chairman. he would like it when people came out with two different headlines from the name speech going two different directions. liz: diane, lovely to have you. i do so appreciate it. >> thank you, liz. liz: diane swonk, mesirow, chief economist. love to hear her sentiment on all that. david: advising central bank. wow. the south is suffering from bone-chilling cold from a winter storm, a lot of ice now headed north but it is not all bad. some businesses actually can see up tick in business. also we all know about the patent war between apple and samsung. now patent fights costing the economy billions of dollars every year. coming up the founder and inventer of, telling us how to remove this dark cloud over the economy in a fox business exclusive coming
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right up. ♪ [ male announcer ] if you suffer from a dry mouth then you'll know how uncomfortable it can be. [ crickets chirping ] but did you know that the lack of saliva can also lead to tooth decay and bad breath? [ exhales deeply ] [ male announcer ] well there is biotene. specially formulated with moisturizers and lubricants, biotene can provide soothing relief and it helps keep your mouth healthy, too. [ applause ] biotene -- for people who suffer from dry mouth. ♪ there'lbe the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus will distribute his usual wisdom. and you? well, you're the chief life officer.
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we must have encountered a temporal vortex. further analytics are necessary. beam us up. ♪ that's my phone. hey. [ female announcer ] the x1 entertainment operating system, only from xfinity. tv and internet together like never before. liz: i see rain and snow on large parts of the south. greenville north carolina, make it four. they're so tiny. this is eventually historic winter storm sweeps across the country making its way toward the east coast. it looked like they were salting and plowing. david: all that white on the ground could mean green for some companies. it ain't all that bad. we have the investor managing editor to talk about companies taking advantage of inclemment weather. i don't know about you, but i'm
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a "house of cards" lover from netflix, there is thing called, i never done it, bing watching, you watch all 20 episodes one sitting. i may do that this weekend. i would imagine there are other people like me that will tune into netflix, right? >> well i am this close to doing it myself. the thing is, is if you're already netflix subscriber, you will binge watch over the weekend, netflix will not see a dime. if you're like me under the thumb of big cable and looking 140 bucks a month, that $8 a month for netflix will seem awfully attractive even more so put to to it by day time programing while the snow is hitting and four straight hours of nutra bullet commercials. i will think closely catching up on a few seasons that might see a little bit of upside and people with too much time on their hand and money. liz: this is how different david
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and i i are. he is hungering down think about netflix and i'm think something there gas in the generator. generators have become a massive business, have they not? >> they are. parts of country getting hit right now, you look at georgia, the last report i saw had 200,000 people without power. these are parts of the area more likely to hit by hurricanes or other storms than winter power outages and so, yes, it's a very big thing but it is also funny. because it is it is a backward, forward-looking purchase to buy a generator. it is forward because you buy it for the future if something happens but you don't do it until the power goes out. liz: generac is. >> generac is good one. not that it needs it. it has tripled last couple years. i like energize holdings. david: let's talk about that. liz was talking about me not knowing anything about
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generators. it is true, i do not know about generators. i do live in apartment building and i like them to take care of generators. i like flashlights and that's why i want to deal with energizer holdings. >> same deal with generators or batteries you don't think about stocking up on d batteries in the middle of july when all is well. when the weatherman comes on and huge snowstorm is coming in next two days. you don't just buy for batteries for the flashlight there. you make sure you're taken care of for the next week or whatever worst-case scenario is. it's a binge spending for energizer. i like it because it is a little bit more diversified than batteries. it has skin care and also institute ad dividend just two years ago. grew at 25% last year. david: you're sitting on 2% yield. a little bit of backside protection. liz: we do have the generac ceo joining us live.
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david: cool. >> they will be reporting tomorrow so. liz: who is this bad for? >> restaurants. and i know specifically i'm looking at mcdonald's but, just broadly speaking, if it is cold out, people don't want to go out. if it is cold in places where people aren't used to it being cold, they really don't want to go out. if it is cold and there are snow, all bets are off just about everywhere. my dad used to own a restaurant. he hated local weatherman because if he said there was inch of snow, no one wanted to go to the restaurant. mcdonald's is poster-child. they came out and said cold weather is what they blamed their 3% drop in u.s. sales in january on. so, it's, you know, if we have another bad month like that in february and it is, starting to look like that, mcdonald's is in a world of hurt. liz: kyle, thank you very much. i sympathize with your dad. my dad was a surgeon in l.a. he said if there was drizzle everybody cans he would their appointments. >> thanks for having me on.
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>> kyle in washington. glad this wasn't tomorrow. he probably wouldn't be in the studio. >> we're all talking about staying home. david: thanks, kyle. it is hybrid recall. one big automaker recalling nearly two million of its flagship hybrid vehicles. which once? what's the deal? we have all details next. liz: winter storm is already slamming the southeast leaving several hundred thousand people without power. what can we expect coming tomorrow? we head to the weather center live for the very latest for you on the storm. ♪ [ malennouncer ] legalzoom has helped start over 1 million businesses.
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is how he puts it to work for his clients. morning. morning. thanks for meeting so early. co on in. [ male annncer ] it's how edward jones makes sense of investing. liz: time for a quick speed read of some of the day's other headlines, five stories, one minute. the mortgage delinquency rate has fallen to the lowest level since 2008. the percentage of homeowners two months or more behind their payments, it fell to 3.85% between october and december. all good news, right? that is down from more than 5% a year earlier. e-commerce giant amazon says it is hiring more than 2500 full-time workers at its fulfillment centers across the country. amazon claims it pays 30% more on average than traditional retailers for these positions. toyota recalling 1.9 million of its flagship prius hybrid vehicles worldwide due to glitch
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in the software system. no accidents are reported related to glitch. gilt group is reportedly enlisting goldman sachs to help with its initial public offering. it will be launched later in 2014 as one of the top founders told us, kevin ryan. famed new york yankees shortstop derek jeter announced 2014 will be his last season playing professional baseball. jeter entering the 20th season with the yankees. that is very slow version of today's speed read. david: very sad version. sorry to see derek go. apple versus samsung battle is taking center stage but there are more than 6,000 patent cases currently open or stuck one would say in the u.s. federal court system. these cases cost the u.s. economy $29 billion in 2011. probably it is a lot more than that now. how can we clear out the logjam and get the money back into the economy? joining us in a fox business exclusive, jaywalker, patent
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properties executive chairman and founder. i should say inventor. i should say 11thth most patented person on planet n addition you have 600, 700 patents. >> 750, david. david: 400 are totally original. not derive i have others. you also hired william shatner. >> my biggest claim to fame. you're the guy that hired bill shatner? we have to talk. david: patents, people don't realize how they have gotten stuck in this whole war of frivolous lawsuits that are jamming up our court system. how do we break up that logjam? >> well you know to begin with, that is only a really small part of the problem. there are two million patents sitting on the sidelines that need to be in the u.s. economy that are not in there. david: why not? >> here's why. the only way to make a deal in america is to go to court. if you're an inventer or businessman, you can't make a deal without going to court. if you have a business and only way to go to market to go to
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court, guess what you have 6,000 court cases. david: i'm not sure i understand. if i have a winning invention why do you have to go to court to -- because immediately y'all have somebody sue me. >> no, even worse. if you have invention and call the company i want to you license my invention, many times the company looks at patent, this is i don't really think this is what i do, so i don't have to pay you. similarly a company looks at a patent what does this really mean? does it cover what we're doing, does it not? a patent is argument, literally an argument. if only place you solve an argument is in court you're in trouble. what we need is a whole new voluntary system. we need a system like no fault. instead of having a fight like we do, we used to in divorces or used to in traffic accidents we can create a private enterprise solution. a private enterprise solution that works for both sides, the inventor and the company. david: i will get to that in a second but i still want to figure out exactly how the
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logjam is take place to begin with. there are groups of people we call patrols, why don't you describe a troll in the patent fight. >> in the patent wars there are a inventors get no money. companies buy up the patents real cheap and those companies sue everybody because they can. the inventers get nothing relatively speaking. the companies end up with blizzard of lawsuits. david: trolls try to make money in the middle. >> the trolls are buying up, imagine you went around and bought up people's lawsuits every time they slip and fell in cvs? david: they are ambulance chasers? >> it's a little more complicated than that. because we frozen out two million patent owners, essentially $5 trillion of r&d is not creating new products and new jobs including trillions spent by the government. it is sitting on the sidelines. david: that is better number than the 29 billion that we gave because the potential for all of these inventions to make the job, to increase our gdp is enormous, in the trillions of
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dollars. >> trillions. universities sit on tens of thousand of patents. because universities are unwilling to sue companies they can't license them. david: the president says he wants to streamline, he used word reform. frankly when politician says reform i reach for my wallet because it makes things more complicated, more expensive but how would you get rid of the logjam? what is one thing we could do to make it a better word for patents? >> if you want to change the legal system you will have to have a law and undoubtedly have unintended consequence but if you really want to real problem, we have to figure out how two million inventions frozen in the ice, we thank you thaw them out get global competitiveness. there are fights about lawsuits but the lawsuits are tiny bit of iceberg here. the real issue we're taking our best inventions but not bringing them to market. david: do we have to change international law or -- >> number i form ad public company. so we can create a voluntary system called a no-fault
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license. the company is called patent properties. what we're going to do is work from both sides of ledger. we'll work for inventors to get them commercially reasonable price. at the same time we get companies licenses they knew to create new products invent new products. david: great idea. that is invention. david: you still have a lab? >> i have a lab and inend invent all the time. david: come back and see us soon. jaywalker, formed priceline. the guy who made patents interesting. liz: we need patent reform. i love the idea. celebrity chef paula dean, is she reforming? when he know she is cooking up a dramatic return over the controversy of her use of racially-charged language. next we talk to the "wall street journal" reporter who broke the news about dean's planned return and big buck that is are backing her comeback. you have got to see this one. welcome back. how is everything?
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[ dan ] it's just human nature to focus on e here and now. so it's hard to imagine h much we'll need for a retirement that could last 30 years or more. so maybe we need to approach things fferently, if we want to be ready for a longer retirement. ♪ ♪ rare in person interview, icahn spoke with neil cavuto and reiterated that he is just getting started when it comes to his fight with that company. take a look. >> who are you setting your sights on now? >> first of all you know about
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ebay. >> you wanted to separate paypal, right? >> absolutely. >> they say no. where is this battle going? >> you tell me. a battle is a battle. we're not afraid to fight a war. that war is just starting. david: and if you miss the interview you can watch it on it is worth looking up. liz: there was so much in there. much more on many different subjects. let's get to celebrity chef paula dean who may be making a comeback as she gets tens of millions of dollars private equity firm. her potential comeback for our viewers should be no surprise. here is why. david: bottom line you do think she will come back stronger commercially? >> i think she will and i think we have to keep in mind one thing. this is the lesson that we learned n business, the real color that really matters at the end of the day is green.
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so don't mess up green by talking about color. david: lee hawkins called her return and making headlines with news of her new partnership and big piece in the "wall street journal." lee is "wall street journal's" celebrity business reporter. he joins us now, lee. congratulations. you were right on the money. >> right. david: talk about money this, guy is spending 100, he is putting up 100 million-dollar bet she will make her comeback. that is pretty unusual. >> if you don't know him, john najafi, second largest owner of the people nix suns. he owns bmg music services. david: book of the month club. >> yes he does. what he invests heavily in businesses out of favor. this really qualifies as one of those invests but really when you look closer, paula dean's brand has really done well at least on social media. she has 600,000 followers on facebook since they started we
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support paula dean in july. there is sympathy. she is leveraging that to get more support. liz: right. there has been enough distance between the actual infraction, the discussion where she used racially questionable comments, et cetera and now. but she is also in a way reinventing herself you say? >> she is. what she is doing, changing structure of her company which is important because she used to have one manager. his name was barry weiner. he managed her over a decade. he had all of the control and a lost decision-making power, but really she is a very vertical and horizontally-an loot business. she really need a ceo, a cmo. a cfo. she needs traditional operating structure to make her business work. david: look what she is up against. she lost, first of all the food network show. she was dropped almost immediately from food network. she lost walmart. she lost target. smithfield foods. who does she go to for
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sponsorship. >> she has a core following number of one. so she can leverage that. meyer, the meyer company. david: the franks? >> the chicken company. she has a 40% increase in our magazine subscription. she has a little small business she can build on and right now the test will be can she go out and get, re-establish some of those relationships that she lost. i don't think she will get the food network. but i think there are enough channels on cable for her to get a show. she certainly has internet presence now more than ever. liz: nothing americans love people fall from pedestal, seeing them come back up with success. question unrelated to any bad behavior people perceive she had, americans are trying to eat more health philly. she is the queen of grease. david: throw another stick of butter in the pan. liz: which i perply don't mind at all. at what point does she work with trend going across america. >> i don't think she will work
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with the trend. she might say she will. i was thinking how big is her audience, the potential audience. would i say it is half the country. there are lot of people that are trying to change their habits, you're right. there is still contingency of people obese, or people like me with guilty pleasures. i think she will tap into that in a big way. the question i have is, she is type 2 diabetic. she is aging. energy and vigor it will take, does she have the? david: you talk about her fan base and what she does to capitalize on that, with all the personal appersons. physically going out there, gathering the troops an fan base, moving that ahead. it is grassroots approach. the internet builds community where you see enclaves of
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support are. that is what she is doing, fan by fan. she is going out. standing room only at a lot of these events. liz: there are second acts. we'll watch for this one, lee hawkins, "wall street journal" celebrity reporter. david: not only in video but in the print edition, if you pick up "the wall street journal" lee's piece gets good exposure. >> talk about wild weather, one of the most potentially dangerous storms is barreling across the southeast. it is heading to us in the northeast. we'll go to the weather center for the very latest. liz: when a sinkhole appears inside a iconic car museum, you can only imagine the consequences. we have a story that has car enthusiasts everywhere in quite a funk. ♪ so ally bank really has no hidden fees on savings accounts? that's right, no hidd fees. it's just that i'm worried about, you know, "hidden things." ok, why's that? well uhhh... surprise!!!
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david: a second wave of extreme wintery weather slamming the southeast dumping a mix of freezing rain and snow, leaving more than 250,000 homes and businesses without power. the northeast is coming next. liz: rick reichmuth is in the weather center tracking the storm. rick, how does it look? >> david, did you say second wave? david: yeah. >> because, places in the south have had more snow this winter than in many, many years. places like mississippi where they're getting more snow.
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severe weather part of this as well, across parts of florida. if you're in florida right now we'll see thunderstorms here that could produce very strong winds and damaging winds. what we're most concerned about is right here where we see the pink. that is ice that is falling, actually not falling, rainfalling on to the surface that is frozen and freezing on contact. so we have a big freezing rain problem from around the atlanta area again across interstate 20, towards augusta and towards columbia. some areas will likely pick up one inch of ice, imagine one inch of ice on every surface? that is incredibly heavy and calls trees and power lines to topple over. the wind hitting that and having a major power outage issue. winter storm warnings across much of new england, in fact all of new england and down toward mississippi. a big area, and this ice storm warning in effect south of atlanta towards charleston, south carolina, so a large area
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there. we'll watch this storm right now over the next number of hours. we still have this into the southeast. you're not done into tomorrow morning in places like atlanta and charleston a secondary system will develop off the coast. this is nor'easter, what will become a nor'easter and bring a lost wind to the mid-atlantic and northeast. snow starting overnight from d.c. to new york city. depending on this track of this, i think we'll see this track close enough to the coast. that means enough warm air will get in along the coast. i think i-95 corridor, all the traffic on that area will see this turn into rain and keep some snow levels, snowfall totals down a little bit. we'll start off with a good three to four inches of snow. then it will become the slushy mess. behind this the snow comes back in again to end this. by friday morning this is new england event. got to tell you guys tomorrow as a travel day will be a very big problem. today a big problem. all those airlines that initiate out of places like atlanta and charlotte and major problems in the airports and roads.
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tomorrow, desee, philadelphia and new york and boston. and it is not gone until friday. friday we'll probably have residual problems. we're not done with the storm just yet. i will tell you after this, things warm up a little bit especially down to the south. we see some ice melting over the weekend. david: it will take weeks to melt this ice, weeks. this is this hick in new york. rick, thank you very much. liz: thank you very much, rick. we asked you on twitter is investing in paula dean a worthy investment, can she come back. he wrote, america love as comeback story. david: like you said. liz: "off the desk." barbie is posing forking "sports illustrated" swimsuit issue and she loo age. it will have bar by in a one-piece swimsuit she wore in the 1959 debut. mattel is issuing a collector's doll and sold on and
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"sports illustrated." they say it is celebrating great woman who are more than pretty faces. david: i like real women. "off the desk" a 40-foot wide sinkhole forming under the national corvette museum in kentucky. eight were swallowed up by the hole. eight were donated by two corvette enthusiasts. other by general motors. the executive director would not comment on value of damages cars. i would say they're irreplaceable. it is substantialable. awful. awful. liz: number one thing, cisco is falling of a hours trading following earnings report. down about 3 and 2/3%. tomorrow we have john chambers, cisco chairman and ceo joining us in a fox business interview at 3:00 p.m. eastern on "countdown to the closing bell." we'll ask him what does he look forward to for the current quarter. david: looking at whole foods right now. trading down over 7% after-hours as well. whole foods, another company
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that reported today. trading significantly down from its close. we told you right here, a 7% change. thank you, charlie brady. liz: hang in there if you're stuck in the snow and ice. meantime -- david: "the willis report" is next. you make a gat team. it's been that way sincthe day you met. but your erectile dysfunction - it could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph
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